Interest rates likely to be stable this year

Interest rates likely to be stable this year
By CHEN JIA |
CHINA DAILY |
Updated: 2021-03-12 07:33
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A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa]
China's monetary authority may not cut policy rates this year, although monetary easing is going on in other major economies to contain coronavirus risks, according to a policy adviser and a former member of the central bank's monetary policy committee.
"It is likely that the central bank will maintain a stable level of interest rates this year, without proactively cutting the policy rates," said Li Daokui, a member of the 13th National Committee of the Chinese People's Political Consultative Conference. "The market rates may decline moderately, as the authorities will continue to inject liquidity and keep it at an adaptive level."

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